Antero Resources Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Antero Resources (NYSE:AR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.06b (down 5.3% from 3Q 2023).
• Net loss: US$20.4m (down by 215% from US$17.8m profit in 3Q 2023).
• US$0.066 loss per share (down from US$0.059 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Antero Resources Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 64%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are down 6.7% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Antero Resources.

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